An agreement between minority owner Gary Chouest and long-time New Orleans Hornets' majority owner George Shinn has been reached, league sources said Monday morning, and an annoucement regarding transfer of the team's ownership to Chouest will take place Wednesday afternoon.

This is awesome news, im thinking of finally getting season tickets now, it all depends on who will be coach and some players moves, we should be getting some nice top shelf pickings this season on the Hornets, but we'll see, this Guy is a (BILLIONAIRE) he's already 3x richer than George Shinn and he has even more in Assets, this man is a Louisiana Tycoon, hopefully he's generous with the team, it would be awesome to get a redesign of the Arena, i really do not like the 1950's off-lime green octagon design